De La Rue lifts profit guidance after currency boost
13th Apr 2016 14:19
(ShareCast News) - Banknote printer De La Rue said it expects full year profits will be better than current forecasts as new management made progress with their five-year plan. De La Rue said that, while revenue rumbled on "broadly in line" with expectations, full-year underlying operating profit is
Read moreFriday broker round-up
29th Jan 2016 16:47
(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite
Read moreDe La Rue cuts banknote printing capacity
2nd Dec 2015 09:19
(ShareCast News) - De La Rue plans to reduce its banknote printing capacity from 8bn banknotes per year to 6bn as it looks to save costs and bring production in line with current market demand. The banknote printer also said it will cut its production lines to four from eight. De La Rue will consol
Read moreDe La Rue shares gain after positive update
23rd Jul 2015 11:57
(ShareCast News) - Shares in De La Rue rose after the banknote printer and passport manufacturer said trading in the last four months has been in line with the board's expectations and the group's order book has increased substantially since the year end. It said that although market conditions in C
Read moreAggreko demoted as Inmarsat joins FTSE 100
4th Jun 2015 15:10
Temporary power provider Aggreko was a casualty of the latest quarterly FTSE 100 review, demoted to the 250 index as satellite company Inmarsat enjoyed a promotion. Aggreko has a market capitalisation of around £3.95bn, whereas Inmarsat has a market value of around £4.53bn. Banknote printer De La R
Read moreThursday broker round-up
28th May 2015 09:44
Direct Line: JP Morgan upgrades to overweight. Admiral: JP Morgan reiterates underweight. TUI: JP Morgan stays at overweight with 1,275p target. RSA: JP Morgan ups target to 451p from 433p, keeps at neutral. SAGA: JP Morgan raises target to 207p from 185p but remains at neutral. De La Rue: JP MOrg
Read moreFTSE 250 movers: Synergy Health plunges on Steris takeover speculation, energy stocks lower
27th May 2015 12:34
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, electronics and utilities outweighed weakness in mining and industrial metals. As of 14:00, the FTSE 250 was trading points 101.1 points higher at 18,200. Synergy Health topped the fallers, plummeting almost 17% on r
Read moreLondon midday: Imperial and CRH lead the rebound before Queen's Speech
27th May 2015 11:39
Investors managed to take advantage of a quiet morning to push UK stocks higher on Wednesday following a sell-off the previous day. The FTSE 100 was up 0.57% at 6,988.37 by midday, with blue chips Imperial Tobacco and CRH leading the rise, along with a host of other construction and building materia
Read moreBroker tips: IAG, Weir, De La Rue, Taylor Wimpey, Insurers
27th May 2015 11:33
Credit Suisse has maintained its 'outperform' rating for airline conglomerate IAG after its proposed €1.4bn acquisition of Irish carrier Aer Lingus received the green light from the Irish government. The bank said that it continues to see the acquisition as "strategically positive" for IAG, whose st
Read moreInvestec downgrades De La Rue due to cautious outlook
27th May 2015 11:14
Annual results from banknote printer De La Rue beat analysts' estimates, though a cautious outlook has prompted Investec to downgrade the stock. The broker cut its rating from 'add' to 'hold' and lowered its target price for the shares from 560p to 540p. De La Rue reported an 8% fall in revenue for
Read moreLondon open: Stocks edge higher ahead of Queen's Speech, Imperial rises
27th May 2015 09:20
UK stocks rebounded slightly on Wednesday morning after a sharp sell-off the previous session, with investors awaiting the Queen's Speech on a quiet day in terms of economic and corporate news. The FTSE 100 was up 0.32% at 6,971.03 early on after dropping 1.18% on Tuesday to 6,948.99. Consumer conf
Read moreLondon pre-open: Stocks to rebound slightly after sell-off
27th May 2015 07:50
UK stocks are expected to edge higher on Wednesday morning after a heavy sell-off the previous session, ahead of a quieter day in terms of economic data. City sources predict the FTSE 100 will open around 12 points higher after falling 1.2% on Tuesday to 6,948.99. Consumer confidence surveys will b
Read moreDe La Rue shares plunge as its posts drop in profit and cuts dividend
27th May 2015 07:18
Shares in banknote printer De La Rue plummeted 9% on Wednesday after the company said pre-tax profit dropped by a third to £38.9m for fiscal 2015, and posted a cut in the dividend to 25p per share from 42.3p. Underling profit before tax, which excluded items, came in at £57.7m from £77.3m a year ago
Read moreDe La Rue takes £13.5m hit to resolve bank note dispute
27th Apr 2015 14:40
Banknote printer De La Rue will take a £13.5m non-cash hit from a disputed contract with a major customer and said it felt the long-standing issue was now mostly resolved. Production of paper bank notes for what the company called a "principal customer" had been found to contain some notes which had
Read moreFTSE 250 movers: Centamin lower on Alecto Minerals split, De La Rue strong on potential bid
18th Feb 2015 13:52
Centamin was in the red after revealing it was pulling out of its joint venture with Alecto Minerals in Ethiopia. Results from its 2014 drilling programme, which included 25 diamond drills holes at Wayu Boda, and the analysis of surface work carried out during the year will be handed to Alecto when
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